Marvell Technology Group Stock Forecast, Price & News

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last twelve months. There are currently 4 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Marvell Technology Group stock.
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Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Thursday, May 27th 2021.
View our earnings forecast for Marvell Technology Group.

Marvell Technology Group Ltd. (NASDAQ:MRVL) posted its quarterly earnings data on Tuesday, March, 2nd. The semiconductor company reported $0.29 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.29. The semiconductor company earned $797.82 million during the quarter, compared to the consensus estimate of $786.30 million. Marvell Technology Group had a trailing twelve-month return on equity of 3.76% and a net margin of 51.19%. The business's revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $0.17 EPS.
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Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MRVL shares have increased by 125.4% and is now trading at $49.60.
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Marvell Technology Group declared a quarterly dividend on Friday, March 5th. Shareholders of record on Friday, April 9th will be given a dividend of $0.06 per share on Wednesday, April 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Thursday, April 8th.
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Marvell Technology Group pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.48%. Marvell Technology Group does not yet have a strock track record of dividend growth. The dividend payout ratio of Marvell Technology Group is 75.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Marvell Technology Group will have a dividend payout ratio of 24.00% next year. This indicates that Marvell Technology Group will be able to sustain or increase its dividend.
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Marvell Technology Group issued an update on its first quarter earnings guidance on Wednesday, March, 3rd. The company provided EPS guidance of $0.23-0.31 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.27. The company issued revenue guidance of $760-840 million, compared to the consensus revenue estimate of $786.32 million.

26 equities research analysts have issued 1-year target prices for Marvell Technology Group's stock. Their forecasts range from $35.00 to $60.00. On average, they expect Marvell Technology Group's share price to reach $49.96 in the next year. This suggests a possible upside of 0.7% from the stock's current price.
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247 employees have rated Marvell Technology Group CEO Matt Murphy on Glassdoor.com. Matt Murphy has an approval rating of 89% among Marvell Technology Group's employees.

Some companies that are related to Marvell Technology Group include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), Lattice Semiconductor (LSCC) and Silicon Laboratories (SLAB).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), salesforce.com (CRM), The Walt Disney (DIS), Cisco Systems (CSCO) and Square (SQ).

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.04%), State of Alaska Department of Revenue (0.02%), KMG Fiduciary Partners LLC (0.00%), Pacer Advisors Inc. (0.00%), First Hawaiian Bank (0.00%) and Thompson Investment Management Inc. (0.00%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Edward H Frank, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill and Willem A Meintjes.
View institutional ownership trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., State of Alaska Department of Revenue, Pacer Advisors Inc., Thompson Investment Management Inc., and KMG Fiduciary Partners LLC. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Richard Hill, and Willem A Meintjes.
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MRVL stock was bought by a variety of institutional investors in the last quarter, including Edge Wealth Management LLC, and First Hawaiian Bank.
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Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MRVL stock can currently be purchased for approximately $49.60.

Marvell Technology Group has a market capitalization of $33.51 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis.

Marvell Technology Group employs 5,286 workers across the globe.

The following companies are subsidiares of Marvell Technology Group: Aquantia, Aquantia (Cayman) Ltd., Aquantia B.V., Aquantia C.V., Aquantia Corp., Aquantia Czech s.r.o , Aquantia Japan G.K., Aquantia LLC, Aquantia Rus LLC, Aquantia Semiconductor India Pvt Ltd, Aquantia Technology B.V., Avago - Printer ASICs, Avera, Avera Semiconductor LLC, Cavium, Cavium India Holdings LLC, Cavium International, Cavium LLC, Cavium Networks (India) Private Limited, Cavium Networks Asia, Cavium Networks International, Cavium Networks International Inc., Cavium Networks LLC, Cavium Networks Singapore Pte. Ltd., Cavium Semiconductor Technology (Shanghai) Co. Ltd., Cavium Taiwan Ltd., Cavium UK Ltd., Diseño de Sistemas en Silicio, Galileo Technology, Iamba Networks, Inphi, Kinoma Inc., Marvell Asia Pte Ltd, Marvell Hong Kong Limited, Marvell India Private Limited, Marvell International Ltd., Marvell International Technology Ltd., Marvell Israel (M.I.S.L) Ltd., Marvell Italia S.r.l., Marvell Japan K.K., Marvell Netherlands B.V., Marvell Semiconductor Canada Inc., Marvell Semiconductor Germany GmbH, Marvell Semiconductor Inc., Marvell Semiconductor Korea Ltd., Marvell Semiconductor Ltd., Marvell Semiconductor Sdn. Bhd., Marvell Semiconductor Technology S.a.r.l., Marvell Software Solutions Israel, Marvell Switzerland S.a.r.l., Marvell Taiwan Ltd., Marvell Technology (Beijing) Ltd., Marvell Technology (Chengdu) Ltd., Marvell Technology (Nanjing) Ltd., Marvell Technology (Shanghai) Ltd., Marvell Technology Denmark ApS, Marvell Technology Inc., Marvell Technology Japan Y.K., Marvell Technology Sweden AB, Marvell Technology Vietnam LLC, Marvell UK Limited, Marvell World Trade Ltd., NetXen Inc., PT. Marvell Technology Indonesia, PicoMobile Networks, QLGC Limited (Ireland), QLogic Hong Kong Ltd., QLogic India Pvt. Ltd., QLogic International Holdings Inc., QLogic International Ltd., QLogic LLC, QLogic Storage Network Infrastructure (Beijing) Co. Ltd., QLogic Switch Products LLC, SysKonnect, Utopia Capital Holdings Ltd., and Xelerated.

Marvell Technology Group was founded in 1995.

The official website for Marvell Technology Group is www.marvell.com.

Marvell Technology Group is headquartered at 22 VICTORIA STREET, HAMILTON D0, HM 12.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]